KION stock trades at EUR 39.70 as Citi targets EUR 62

Published on 09/29/2026 at 08:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Citi upgraded KION to Buy on September 8, 2026, from Neutral and lifted its target from EUR 46 to EUR 62. JPMorgan kept Overweight at EUR 70 on September 4.

Automatisiertes Logistiklager mit Gabelstapler und Regalen in der Dämmerung — KION Group (DE000KGX8881) zeigt fotorealistisch ein modernes automatisiertes Lager mit Gabelstapler in der Abenddämmerung, Illustration mit AI erstellt.

KION stock (ISIN DE000KGX8881) was last quoted at EUR 39.70 on Xetra on September 28, 2026, up 0.56 percent from the previous close. The share price stood 43.65 percent below its 52-week high of EUR 70.45, while market capitalization was EUR 5.2 billion. The key catalyst remains a sequence of more constructive analyst views on industrial truck demand.

Citi raises its target

According to Investing.com on September 8, 2026, Citi upgraded KION from Neutral to Buy and raised its price target from EUR 46 to EUR 62. The new target lies 56.17 percent above the Xetra price of EUR 39.70 recorded on September 28.

Citi expects sales growth of more than 6 percent in 2027 and said its EBIT forecasts were already more than 10 percent above consensus for both 2027 and 2028. The brokerage identified the cyclical industrial truck market as a key risk, while viewing concerns about Chinese competition in high-end trucks as overstated.

JPMorgan keeps EUR 70 target

boerse.de reported on September 4, 2026, that JPMorgan kept KION at Overweight with a EUR 70 price target. Analyst Akash Gupta described September as important for the company to reach its annual goals after a management conference.

The two targets frame a wide valuation corridor: EUR 62 from Citi and EUR 70 from JPMorgan compare with KION's EUR 39.70 Xetra quote. The difference reflects the market's sensitivity to the timing of an industrial truck recovery and to margin improvement in KION's automation activities.

Third quarter date is set

KION's investor-relations page lists a positive first half of 2026 release dated July 30, 2026, and describes the group as a provider of industrial trucks, warehouse technology and supply chain solutions, including automation and software through Dematic, according to KION. The group operates through Industrial Trucks and Services and Supply Chain Solutions.

MarketScreener lists October 29, 2026, as the date for KION's third-quarter 2026 results. For investors, that report will provide the next dated test of the recovery thesis behind the higher analyst targets.

KION stock stays below EUR 40

KION stock was last at EUR 39.70 on Xetra on September 28, 2026, with 144,750 shares traded. Its 52-week range was EUR 35.80 to EUR 70.45, leaving the stock closer to its yearly low than its yearly high despite the recent target increases.